salaryRent here is among the highest 10% in the country. A typical house costs about 4.2 years of household income. Commutes are long, about 30.7 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $117,800 a year. That is $57 an hour at a full-time job.
Is rent cheaper than other New York cities?
No. Rent here is more expensive than in most of New York. It is number 278 of 343 cities from cheapest to most expensive.
How much do households earn in Farmingdale?
Share of households by yearly income. 49.1% of households earn $100,000 or more.
Rent by apartment size in Farmingdale
| Size | Farmingdale | U.S. average |
|---|---|---|
| Studio | $3,508 | $1,338 |
| 1 bedroom | $2,474 | $1,324 |
| 2 bedrooms | $2,690 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Farmingdale overall?
Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Farmingdale, so the New York figure is shown.
Taxes and bills in Farmingdale
Life in Farmingdale
Is it cheaper to rent or buy in Farmingdale?
Renting is cheaper right now: about $939 a month less.
Owning assumes a typical $559,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $55,970 for the down payment.
Frequently asked questions
What is the average rent in Farmingdale, NY?
Renting in Farmingdale costs a median of about $2,945 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Farmingdale?
To keep rent under 30% of income, you need about $117,800 a year, or $57 an hour at a full-time job.
Is Farmingdale cheap or expensive?
Farmingdale is rated OK: rent takes 26.6% of the typical household income of $132,634. It ranks 278th cheapest of 343 New York cities we track.
How much are property taxes in Farmingdale?
The median homeowner in Farmingdale pays $10,000+ a year in property taxes, about 1.79% of the median home value.
Is Farmingdale more expensive than the national average?
Overall prices in New York are 8% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Farmingdale?
The median home value in Farmingdale is $559,700, about 4.2 times the typical yearly household income.
8,474 people live in Farmingdale. Numbers are typical (middle) values.